University Hospital provided the following income statement for two of its divisions: Diagnostic and Outpatient. Diagnostic Outpatient Total $457,910 $387,530 $845,440 Revenue Variable expenses Product Selling and administrative Contribution margin Less fixed costs Operating income 230,560 141,300 86,050 140,590 ($54,540) 131,600 79,340 176.590 117,140 $59,450 362,160 220,640 262,640 257,730 $4,910 The CEO of the hospital is not pleased with the division's performance, and he believes that the Diagnostic division is responsible for its dismal result and wants to consider outsourcing diagnostic procedures. The controller has determined that the hospital's headquarters allocated $92,930 and $31,160 in common administrative fixed costs, respectively, to Diagnostic and Outpatient divisions. Prepare a segment margin income statement that will provide the CEO with a better basis for evaluating the two divisions' performance. (Enter loss using either a negative sign preceding the number e.g. -4,527 or parentheses e.g. (4,527).) The CEO of the hospital is not pleased with the division's performance, and he believes that the Diagnostic division is responsible for its dismal result and wants to consider outsourcing diagnostic procedures. The controller has determined that the hospital's headquarters allocated $92,930 and $31,160 in common administrative fixed costs, respectively, to Diagnostic and Outpatient divisions. Prepare a segment margin income statement that will provide the CEO with a better basis for evaluating the two divisions' performance. (Enter loss using either a negative sign preceding the number e.g. -4,527 or parentheses e.g. (4,527).) Segment Margin Income Statement for University Hospital Diagnostic Outpatient Total Revenue $ $ $ Variable expenses 7 Product V Selling and administrative $ $ $ Save for Later Last saved 1 minute ago. Attempts: 0 of 1 used Submit